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India Plans Power Sector Fund

By

Rakesh Sharma

Sept. 9, 2010 5:14 a.m. ET

NEW DELHI -- India is planning to set up a 500 billion rupees ($10.77 billion) fund to help finance the expansion of power companies' generation capacities, the country's power secretary said Thursday.

"There are thoughts of setting up a debt fund. It's at a planning stage," P. Uma Shankar told reporters on the sidelines of an industry event.